This is a very powerful book explaining and criticising IMF and also the Western "market fundamentalist" make this whole mess in East Asia crisis, and how the West failed Russia.
Come on, IMF was the brain child of Keynes. He must be rolling in his grave if he see IMF turned into Friedman's institution, only concern about inflation and exchange rate!!!!
Milton Friedman is DEAD, welcome back Keynessian's sensable control of the market is back.... particularly after Friedman's follower screw up US economies by the econmoic crisis last year!
Market is not and never perfect! That is why the government has to do A LOT OF things to make sure everybody has job and have a chance to live a decent life. Equality and social justice ARE VERY IMPORTANT!...Continua
Perhaps Mr Stiglitz is a good economist but he is certainly far from being a good writer. The second half of the book is so annoyingly repetitive that it seems he is putting the reader's patience to test at its extremes.
joseph stiglitz is one of the economists i love so much. in this book, he first introduced the 3 "global" institutions in a very vivid and easy way. and i suggest people to read his working experiences in ethiopia and besides against it, you can have a full and real picture why the promise broken from the advocation of gobalization....Continua